Dividend

Dividend income, as mentioned in the Law No 16/2005 on Direct Taxes on Income, is subject to a flat tax of fifteen percent (15%).

If dividend distribution was subject to withholding tax as stipulated in the law, the taxpayer does not pay tax on income.

Dividend income includes income from shares and similar income distributed by companies and other entities as mentioned in the law.

Dividend income includes income from shares and similar income distributed by companies and other entities.

In the determination of business profits of a resident company, dividends and other profit-shares received from a resident entity are exempt.

In the determination of business profits of a resident partnership, dividends and other profit-shares received fron a resident entity are exempt.